PayPal Holdings has appointed Enrique Lores, CEO of HP to their board of directors, starting June 29. PayPal now has 12 members on its board after the addition of Lores. He has been a part of HP for almost three decades and has played a role in splitting HP into two publicly listed companies. He was also a part of HP’s $1.05 billion acquisition of Samsung’s printer business in 2017.
Hewlett Packard Enterprise has extended its leadership position in the hybrid cloud with innovations to the HPE GreenLake edge to cloud platform. The setup will help customers to upgrade their workloads to a cloud operating model. The platform will also support critical apps for 5G, electronic medical records, financial services, data and risk analytics, HPC, and AI. The new cloud platform has over 1,200 customers with $ 4.8 bn in contract value.
HP announced that its current batch of computers is upgradable to Windows 11. The models included in this portfolio are HP Spectre, HP ENVY, HP Pavilion including the HP Spectre x360 14, HP ENVY x360 15, and the HP Pavilion All-in-One. These PCs will have factory color calibration on the displays, performance optimization in HP Command Center, and creative scenarios to optimize display in HP Display Control.
Shares of Dell fell by 1% while that of HP dropped by 6% after they said their supply of PCs could be affected by the global shortage of chips. Dell said even its printer supply would be affected at least till the end of 2021. Dell reported a growth of 20% in its revenue from the client solutions group –desktops, notebooks, and tablets– in the quarter ending April 30. HP’s PC-related sales grew by 27% and notebook by 47%, compared to the same period during the last year.
IDC, as per its latest report, said that the Indian PC market saw a growth of 73.1% after a sale of 3.1mn units in 1Q. Notebooks sales lead the growth during the period with 116.7% increase compared to the same period last year. Desktops also showed some recovery with 49.5% YoY. HP topped the chart with a staggering growth of 102.1% YoY, followed by Dell (102.1%) and Lenovo ( 73.4%). The strong annual growth could be due to the less-than-normal shipments in Q1 of 2020.
HP has released the latest batch of advanced split PCs for the new age hybrid workforce. Available in two variants of 23.8-inch and 27-inch, HP has launched the EliteDesk 800 G8 series of PCs having dual-facing 5MP camera, 11th Gen Intel Core processor, and AI-based noise reduction filters. Andy Rhodes, global head of commercial systems and display solutions at HP said that the PCs will be commercially available for sale in few countries starting in May 2021.
US-based edtech unicorns expect India to be their largest user bases outside the states. These platforms focus on professional courses and soft skills programs. For Udemy India has become the second-largest market with 9.8 mn learners after U.S, that has 14 mn learners. Coursera has added 5 mn learners in the past 10 months compared to 1.4 mn in 2019. Udacity has tied up with an IT training provider to offer its programs to over 500 tech companies including HP, IBM.
The global PC market, after declining 11.7% in Q1, has made an impressive come back with 11.2% YoY growth in Q2. A total of 72.3 mn units — laptops, desktops, and workstations — were sold as per IDC’s on PC market report for Q2 2020. HP with over 25% market share leads the market, followed closely by Lenovo ( 24.1%). Dell (16.6%) was in third place. Apple (7.7%) was the fastest-growing vendor with a YoY growth rate of 36%.